4,429 Shares in Carrier Global Co. (NYSE:CARR) Purchased by Berkshire Money Management Inc.

Berkshire Money Management Inc. purchased a new stake in Carrier Global Co. (NYSE:CARR) in the 4th quarter, Holdings Channel reports. The firm purchased 4,429 shares of the company’s stock, valued at approximately $302,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FSA Wealth Management LLC purchased a new position in Carrier Global in the third quarter valued at approximately $28,000. McClarren Financial Advisors Inc. grew its position in shares of Carrier Global by 246.0% during the third quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock worth $35,000 after buying an additional 310 shares in the last quarter. Coastline Trust Co bought a new stake in shares of Carrier Global in the third quarter worth $37,000. Country Trust Bank acquired a new stake in Carrier Global in the third quarter valued at $40,000. Finally, Capital Performance Advisors LLP bought a new position in Carrier Global during the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CARR. Northcoast Research began coverage on shares of Carrier Global in a research report on Friday, November 22nd. They set a “neutral” rating on the stock. Citigroup cut their price objective on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Robert W. Baird decreased their price target on Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Barclays reduced their price objective on shares of Carrier Global from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.93.

Carrier Global Trading Up 1.2 %

Shares of NYSE CARR opened at $63.91 on Wednesday. The stock has a market cap of $57.34 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.12 and a beta of 1.35. The business has a 50 day simple moving average of $70.19 and a 200 day simple moving average of $72.48. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.08. Carrier Global Co. has a 52 week low of $53.13 and a 52 week high of $83.32.

Carrier Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, December 20th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, December 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s payout ratio is presently 22.78%.

Carrier Global announced that its Board of Directors has authorized a share repurchase program on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to buy up to 4.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Carrier Global Company Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.